Exercise 4-10 Equivalent Units-Weighted-Average Method [LO4-2] Alaskan Fisheries, Inc., processes salmon for various distributors. Two departments are involved Cleaning and Packing. Data relating to pounds of salmon processed in the Cleaning Department during July are presented below Percent Completed Labor and Pounds of Salmon 29,000 22,000 Materials 100% 100% erhead 51% 70% Work in process inventory, July1 Work in process inventory, July 31 A total of 470,000 pounds of salmon were started into processing during July. All materials are added at the beginning of processing in the Cleaning Department Required: Compute the equivalent units for July for both materials and labor and overhead assuming that the company uses the weighted-average method of accounting for units Labor and Materials Overhead Equivalent units of production